Pair AUDUSD is currently facing an obstacle at 0.73500, and now we have a smaller pull to support at 0.73250.
Looking at moving averages, they are on the bullish side in a range from 0.73000-0.733000. We need a new break above 0.73500 in order to be able to continue up to 0.74000, then to the previous high at 0.74500.
We need to continue this negative consolidation and pullback below the MA20 moving average for the bearish option. Then we come to 0.73000 support and MA200 moving average, and our potential additional support is the lower trend line. Break AUDUSD below the support line, lowering us to the previous low at 0.72500, then to 0.72000.
Looking at moving averages, they are on the bullish side in a range from 0.73000-0.733000. We need a new break above 0.73500 in order to be able to continue up to 0.74000, then to the previous high at 0.74500.
We need to continue this negative consolidation and pullback below the MA20 moving average for the bearish option. Then we come to 0.73000 support and MA200 moving average, and our potential additional support is the lower trend line. Break AUDUSD below the support line, lowering us to the previous low at 0.72500, then to 0.72000.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
www.FinanceBrokerage.com
t.me/NFT_crypto_news_trading_signals
www.FinanceBrokerage.com
t.me/NFT_crypto_news_trading_signals